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Homebuilder confidence remains flat at depressed levels

The National Association of Home Builders confidence index came in flat for September at 13, staying at the lowest level in more than a year. The depressed levels of the Housing Index sustained as a.

Housing remains regional. The health of the housing market is drastically different in different parts of the country. The NAHB sentiment figure fell two points in the Northeast and three points in the Midwest, to 16 and 12, respectively. The South posted a two-point improvement to 14 while the West held unchanged at 8.

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The index hasn’t reached that level since April 2006, the peak of the housing boom.. homebuilder confidence surges to 6-year high. By:. the housing market remains depressed. While the.

Homebuilder confidence rose in September to its highest level in six years. (Staff photo by Kevin Harnack) LOS ANGELES (AP) – Confidence among U.S. homebuilders rose this month to its highest level in six years and many expect the housing recovery will strengthen in the next six months.

Builder confidence in the market for newly-built single-family homes slipped two points in July to a level of 64 from a downwardly revised June reading on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). It is the lowest reading since November 2016.

Can the Housing Sector Continue to Perform?. residential investment as a share of nominal output remains depressed relative its longer-term trend," he says. "With levels of both homebuilder and.

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Homebuilder confidence holds at lowest level in a year as tax credit ends.. showing the housing market remains depressed following the expiration of a government tax credit. The National Association of Home Builders/Wells Fargo confidence index was unchanged at 13, matching the August reading.

Research analyst, banks, homebuilders, chartest. Homebuilder confidence remains elevated, but buyer traffic remains neutral. Single-family housing starts have been flat for months. Since the end of 2012, home prices are up by an inflation-adjusted annual rate of 4.7%, well above the rate of inflation.

The severity of the housing bust prompted activity in this sector to stay at depressed levels, even with the Great Recession. such as easing lending standards and rising homebuilder confidence,

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